Totals
- Total revenue
- $181,670,045
- Total expenses
- $187,171,727
- Contributions and grants received
- $17,909,562
- Grants paid
- $56,624,312
- Program service revenue
- $151,353,838
- Investment income
- $11,266,701
- Other revenue
- $1,139,944
- Total assets, end of year
- $556,663,135
- Total liabilities, end of year
- $52,292,539
- Net assets or fund balances, end of year
- $504,370,596
- Program services expenses (Part IX)
- $169,054,369
- Management and general expenses
- $14,100,661
- Fundraising expenses
- $4,016,697
- Program service expenses (Part III)
- $169,054,369
Program services were 90.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$5,073,354
-
1f · All other contributions, gifts and grants
$12,836,208
-
1g · Noncash contributions included above
$737,795
-
2a · Program service revenue: TUITION & FEES
total $116,914,161 · related or exempt $116,914,161
-
2b · Program service revenue: AUXILIARY ENTERPRISES
total $29,305,643 · related or exempt $29,305,643
-
2c · Program service revenue: BOOKSTORE INCOME
total $2,381,665 · related or exempt $2,381,665
-
2d · Program service revenue: OTHER PROGRAM INCOME
total $1,392,737 · related or exempt $1,392,737
-
2e · Program service revenue: TENNIS CENTER INCOME
total $854,042 · unrelated business $854,042
-
2f · All other program service revenue
total $505,590 · related or exempt $505,590
-
3 · Investment income
total $4,336,745 · unrelated business -$183,736 · excluded $4,520,481
-
6a · Gross rents
real property $2,943,366
-
6b · Less rental expenses
real property $3,075,791
-
6c · Rental income or loss
real property -$132,425
-
6d · Net rental income or loss
total -$132,425 · unrelated business -$132,425
-
7a · Gross sales of assets other than inventory
securities $63,244,000
-
7b · Less cost or other basis and sales expenses
securities $56,314,044
-
7c · Gain or loss
securities $6,929,956
-
7d · Net gain or loss
total $6,929,956 · excluded $6,929,956
-
11a · Other revenue: GRANT OVERHEAD REIMBURSEMENT
total $734,661 · excluded $734,661
-
11b · Other revenue: CO-CURRICULAR ACTIVITIES
total $486,348 · excluded $486,348
-
11c · Other revenue: SALES AND SERVICE REVENUE
total $51,360 · excluded $51,360
-
11e · Other revenue, total
$1,272,369
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $56,466,557 · program services $56,466,557
-
3 · Grants to foreign organizations and individuals
total $157,755 · program services $157,755
-
5 · Compensation of officers, directors and key employees
total $1,984,346 · program services $1,845,908 · management and general $95,891 · fundraising $42,547
-
7 · Other salaries and wages
total $56,854,656 · program services $49,865,305 · management and general $4,736,305 · fundraising $2,253,046
-
8 · Pension plan contributions
total $4,485,142 · program services $3,892,165 · management and general $404,944 · fundraising $188,033
-
9 · Other employee benefits
total $7,537,974 · program services $6,597,412 · management and general $609,784 · fundraising $330,778
-
10 · Payroll taxes
total $3,980,105 · program services $3,497,957 · management and general $328,363 · fundraising $153,785
-
11b · Fees: legal
total $192,742 · program services $1,200 · management and general $191,542
-
11c · Fees: accounting
total $110,070 · management and general $110,070
-
11f · Fees: investment management
total $3,801,473 · management and general $3,801,473
-
11g · Fees: other
total $3,289,516 · program services $2,670,340 · management and general $371,413 · fundraising $247,763
-
12 · Advertising and promotion
total $715,347 · program services $544,402 · management and general $101,167 · fundraising $69,778
-
13 · Office expenses
total $4,893,110 · program services $4,256,525 · management and general $496,818 · fundraising $139,767
-
16 · Occupancy
total $3,858,900 · program services $3,700,977 · management and general $108,917 · fundraising $49,006
-
17 · Travel
total $4,234,300 · program services $3,904,721 · management and general $96,660 · fundraising $232,919
-
19 · Conferences, conventions and meetings
total $140,770 · program services $140,270 · management and general $500
-
20 · Interest
total $1,178,118 · program services $1,052,060 · management and general $106,972 · fundraising $19,086
-
22 · Depreciation, depletion and amortization
total $11,050,781 · program services $9,868,346 · management and general $1,182,435
-
23 · Insurance
total $713,465 · program services $412,111 · management and general $298,233 · fundraising $3,121
-
24a · Other expenses: FOOD SERVICE & LAUNDRY
total $11,624,834 · program services $11,477,672 · management and general $64,197 · fundraising $82,965
-
24b · Other expenses: OTHER MAINT. & REPAIRS
total $3,019,119 · program services $2,780,314 · management and general $202,761 · fundraising $36,044
-
24c · Other expenses: TUITION WAIVERS
total $2,462,791 · program services $2,182,693 · management and general $177,071 · fundraising $103,027
-
24d · Other expenses: INVENTORY PURCHASES FOR
total $1,891,269 · program services $1,759,367 · management and general $91,364 · fundraising $40,538
-
24e · All other expenses
total $2,528,587 · program services $1,980,312 · management and general $523,781 · fundraising $24,494
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $44,145,001 · end of year $30,912,525
-
3 · Pledges and grants receivable
beginning of year $14,241,623 · end of year $13,297,430
-
4 · Accounts receivable
beginning of year $6,937,448 · end of year $6,587,668
-
8 · Inventories for sale or use
beginning of year $960,098 · end of year $886,891
-
9 · Prepaid expenses and deferred charges
beginning of year $1,069,654 · end of year $1,273,738
-
10a · Land, buildings and equipment: cost or other basis
$372,084,661
-
10b · Land, buildings and equipment: accumulated depreciation
$160,505,482
-
10c · Land, buildings and equipment, net
beginning of year $210,163,843 · end of year $211,579,179
-
11 · Investments: publicly traded securities
beginning of year $101,819,141 · end of year $113,475,367
-
12 · Investments: other securities
beginning of year $171,850,546 · end of year $178,650,337
-
17 · Accounts payable and accrued expenses
beginning of year $11,276,516 · end of year $9,580,087
-
19 · Deferred revenue
beginning of year $275,519 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $29,085,000 · end of year $28,510,000
-
25 · Other liabilities
beginning of year $17,757,144 · end of year $14,202,452
-
27 · Net assets without donor restrictions
beginning of year $233,303,383 · end of year $237,834,148
-
28 · Net assets with donor restrictions
beginning of year $259,489,792 · end of year $266,536,448
Mission and programs · 2022
Mission
THE MISSION OF HOPE COLLEGE IS TO EDUCATE STUDENTS FOR LIVES OF LEADERSHIP AND SERVICE IN A GLOBAL SOCIETY THROUGH ACADEMIC AND CO-CURRICULAR PROGRAMS OF RECOGNIZED EXCELLENCE IN THE LIBERAL ARTS AND IN THE CONTEXT OF THE HISTORIC CHRISTIAN FAITH.
-
THE ORGANIZATION PROVIDED COMPREHENSIVE LITERACY & SCIENCE COURSES OF STUDY TO APPROXIMATELY 3,123 FULL TIME EQUIVALENT STUDENTS IN THE FALL OF 2022 AND 2,890 IN THE SPRING OF 2023. THE ORGANIZATION WAS ALSO INVOLVED IN ADMINISTRATIVE, AUXILLARY OPERATIONS & STUDENT SERVICES TO SUPPORT THE CAMPUS.
Expenses $160,345,130 · Grants $53,707,175 · Revenue $142,746,440
-
THE ORGANIZATION IS INVOLVED IN RESEARCH TO MAINTAIN ONE OF THE TOP CHEMISTRY & BIOLOGY DEPTS IN THE COUNTRY, UTILIZE RESEARCH AS A TEACHING TOOL IN THE CLASSROOM & TO FACILITATE LEARNING.
Expenses $8,709,239 · Grants $2,917,137 · Revenue $7,753,356
As filed on the 2022 return.
Listed in Part VII
-
Matthew ScoginMATTHEW SCOGIN
PRESIDENT
- Total calculated
- $334,807
- From this org
- $254,384
- From related orgs
- $0
- Other
- $80,423
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $254,384
- Bonus
- $0
- Other
- $0
- Deferred
- $26,710
- Nontaxable benefits
- $53,713
- Filer's total
- $334,807
-
Dr Llena ChavisDR LLENA CHAVIS
TRUSTEE/FACULTY
- Total calculated
- $107,042
- From this org
- $80,108
- From related orgs
- $0
- Other
- $26,934
- Hours/week
- 40
-
Dr Jeanne PetitDR JEANNE PETIT
TRUSTEE/FACULTY
- Total calculated
- $97,367
- From this org
- $70,433
- From related orgs
- $0
- Other
- $26,934
- Hours/week
- 40
-
Dr Stephen BoerighterDR STEPHEN BOERIGHTER
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Matthew WixonDR MATTHEW WIXON
VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Sandra GaddySANDRA GADDY
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Victoria BrunnVICTORIA BRUNN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Douglas ConanctDOUGLAS CONANCT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Reverend Eddy AlemanREVEREND EDDY ALEMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Brian GibbsBRIAN GIBBS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Thomas GordonTHOMAS GORDON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr Nathan HartDR NATHAN HART
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Lisa JoldersmaLISA JOLDERSMA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Timothy LongTIMOTHY LONG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jim McFarlinJIM MCFARLIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Andrew OhmANDREW OHM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Margaret Miller WillitMARGARET MILLER WILLIT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Timothy VandebunteTIMOTHY VANDEBUNTE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Carol VanandelCAROL VANANDEL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
The Right Reverend Eugene SuttonTHE RIGHT REVEREND EUGENE SUTTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr Edward Jonathan SoderstromDR EDWARD JONATHAN SODERSTROM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Leslie Schoon-MondayLESLIE SCHOON-MONDAY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Michael PitsenbergerMICHAEL PITSENBERGER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
David PaulDAVID PAUL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Laura ParedesLAURA PAREDES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Thomas BylsmaTHOMAS BYLSMA
VP FOR FINANCE/CFO
- Total calculated
- $259,580
- From this org
- $210,639
- From related orgs
- $0
- Other
- $48,941
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $210,639
- Bonus
- $0
- Other
- $0
- Deferred
- $22,117
- Nontaxable benefits
- $26,824
- Filer's total
- $259,580
-
Gerald D GriffinGERALD D GRIFFIN
PROVOST
- Total calculated
- $227,539
- From this org
- $200,500
- From related orgs
- $0
- Other
- $27,039
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $200,500
- Bonus
- $0
- Other
- $0
- Deferred
- $21,053
- Nontaxable benefits
- $5,986
- Filer's total
- $227,539
-
Richard J PuckettRICHARD J PUCKETT
VP FOR DEVELOPMENT
- Total calculated
- $314,393
- From this org
- $252,768
- From related orgs
- $0
- Other
- $61,625
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $252,768
- Bonus
- $0
- Other
- $0
- Deferred
- $26,541
- Nontaxable benefits
- $35,084
- Filer's total
- $314,393
-
William VanderbiltWILLIAM VANDERBILT
VICE PRESIDENT
- Total calculated
- $266,755
- From this org
- $191,793
- From related orgs
- $0
- Other
- $74,962
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $191,793
- Bonus
- $0
- Other
- $0
- Deferred
- $20,138
- Nontaxable benefits
- $54,824
- Filer's total
- $266,755
-
Jennifer FellingerJENNIFER FELLINGER
VP FOR PUBLIC AFFAIRS/MARK
- Total calculated
- $240,565
- From this org
- $200,500
- From related orgs
- $0
- Other
- $40,065
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $200,500
- Bonus
- $0
- Other
- $0
- Deferred
- $21,053
- Nontaxable benefits
- $19,012
- Filer's total
- $240,565
-
Aaron BestAARON BEST
FACULTY
- Total calculated
- $221,715
- From this org
- $167,303
- From related orgs
- $0
- Other
- $54,412
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $167,303
- Bonus
- $0
- Other
- $0
- Deferred
- $17,388
- Nontaxable benefits
- $37,024
- Filer's total
- $221,715
-
Robert A AndersonROBERT A ANDERSON
AVP PLANNED GIVING
- Total calculated
- $180,901
- From this org
- $153,000
- From related orgs
- $0
- Other
- $27,901
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $153,000
- Bonus
- $0
- Other
- $0
- Deferred
- $14,753
- Nontaxable benefits
- $13,148
- Filer's total
- $180,901
-
Lori MulderLORI MULDER
DIRECTOR OF HR
- Total calculated
- $174,702
- From this org
- $152,971
- From related orgs
- $0
- Other
- $21,731
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $152,971
- Bonus
- $0
- Other
- $0
- Deferred
- $14,802
- Nontaxable benefits
- $6,929
- Filer's total
- $174,702
-
Charlotte Vanoyen-WitvlietCHARLOTTE VANOYEN-WITVLIET
FACULTY
- Total calculated
- $172,482
- From this org
- $150,769
- From related orgs
- $0
- Other
- $21,713
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $150,769
- Bonus
- $0
- Other
- $0
- Deferred
- $15,787
- Nontaxable benefits
- $5,926
- Filer's total
- $172,482
-
Scott VanderstoepSCOTT VANDERSTOEP
DEAN OF SOCIAL SCIENCES
- Total calculated
- $177,354
- From this org
- $149,830
- From related orgs
- $0
- Other
- $27,524
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $149,830
- Bonus
- $0
- Other
- $0
- Deferred
- $14,931
- Nontaxable benefits
- $12,593
- Filer's total
- $177,354
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Housing allowance or residence for personal use
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 1A
- THE PRESIDENT IS REQUIRED TO LIVE ON CAMPUS AS PART OF HIS EMPLOYMENT WITH THE COLLEGE. INCLUDED IN NONTAXABLE BENEFITS IS THE FAIR MARKET VALUE OF THE USAGE OF THE PRESIDENT'S HOME WHICH IS VALUED AT $34,600. THE COLLEGE PROVIDES THE CFO WITH AN ANNUAL MEMBERSHIP TO A LOCAL GOLF CLUB FOR FUNDRAISING PURPOSES. THE VALUE OF THE MEMBERSHIP IS $9,900.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 3 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202421299349303242
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